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Buy custom Louis Blanc 's Oganisation of Labor

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Topic: History
Number of pages / Number of words: 6 / 1433
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He says that in the end all lose except for the employer. In his example, the first two workers, one with a wife and child and the other with just a wife to provide for, are left out. The final worker, who can afford work for a wage of two francs, will, as Blanc predicts, ultimately by a worker who can survive for even less...


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The final worker, who can afford work for a wage of two francs, will, as Blanc predicts, ultimately by a worker who can survive for even less. "Who would be blind enough not to see that under the reign of free competition the continuous decline of wages necessarily becomes a general law with no exception whatsoever", he continued, agreeing with David Ricardo's ideas in his Iron Law of Wages (1817)...


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